Thursday, July 26, 2007

The Story Of D Part 6

To read previous chapters;
The last time I talked about how D was asked to leave the company he built and worked for 12 years behind and to get himself a job elsewhere. Since then he's actually found a business venture that might just suit him.

It's actually a lawn mowing business that a friend of his is willing to sell to him for $20K coz he's going overseas to live. So D's been quite excited about this venture and it looks like he might just get the whole thing up and running soon. He'll basically be taking over all his friend's customers and his areas of business so things are looking up for him.

There is however 1 little issue that needs to be address though and that's how he's going to come up with the $20K to buy the business. His credit is in the red and he has no savings so it looks like he might have to ask his Dad B for a loan again. Its history repeating itself all over again, the last time he asked B for a loan to start his business he got shafted but if not B where else will he find the money?

To be continued...

1 comment:

Simple American said...

Well if the customers are already set, then he should be able to determine his cash flow. That should show his dad how quickly he can repay him.